All Forum Posts by: Kirk Gore

How do you go about finding other wholesalers in your area to network with (that aren't on BiggerPockets of course)? Also what are some of the benefits of networking with other wholesalers? Are there any drawbacks? I know wholesaling can be pretty competitive in some markets. Thanks! 

Thanks @Al Williamson for the response! I think it's a great idea to keep written documentation as a follow up. 

For our new leases we charge $25 a month per pet and require that our tenants disclose the total number of pets before moving in. This is a little stricter but has resulted in less problems so far!

So this really happened last year.

My very first group of tenants were 3 college students moving into a SFR (3 Bedroom 1 1/2 Bath) that I had just finished renovating with my business partners. They told us that they had a dog and a cat moving in with them, so they paid the $300 non-refundable pet deposit specified in the lease when they moved in.

We came back to inspect the house a month later and not only was there a dog and two cats in the house but there was also a PIG! When I opened the door to the newly added half bath there on the ground was a pet bed with Toby the black pig laying in it. The beautiful half bath that we had spent nearly a month renovating had sure enough been turned into a pig room.

So having no idea what to do, we told the tenants that they couldn't keep the pig inside but could keep it in the backyard until they could get rid of it. Supposedly they were keeping it for a friend who bought it but lived in an apartment which surprisingly didn't allow pigs. They ended up erecting a working pig pen and keeping it in the backyard for several months before the friend was able to collect it.

I thought it would be entertaining to share this experience. How would you guys have handled this differently and what tips do you have to prevent things like pig surprises from happening?

The Scott Yancey guru team comes to Hattiesburg once or twice a year and a friend of mine dragged me to one of his free presentations about a year ago. Not surprisingly, the speakers at the seminar were pretty motivational and did a great job at making the programs sound awesome. I remember the house flipping and tax lien seminars sounding particularly enticing. 

However, I highly doubt that there's anything he "teaches" you that you can't find on Bigger Pockets for free on the forums or in the podcasts. I'd say save your money. I didn't buy anything but I did get a free digital camera for sitting through the whole presentation though so it wasn't a total loss ;)

Thanks @Christopher Salazar for the info! I got the every 3 weeks idea from one of the @Michael Quarles  I'll definitely try calling the Listsource customer service, that's a great idea. Also, I'm completely prepared to not get any deals with this first mailing. I definitely prepare to continue marketing to the same list for a several months. I'm really just trying to get some experience marketing and talking to sellers and what better way than to just start and do it right?

Thanks for the response @Roland Paicely ! 

I have an additional question about my Listsource list... Next to the "Owner Label Name" column there is a column labaled "Owner Care of Name." Several of the properties on my list have a different name under this column. What relation does this person have to the ownership of the property and should I be marketing to them or the name under "Owner Label Name"?

Thanks again!

Okay so after listening to about a million hours of BP podcasts on wholesaling I've mustered the courage to take the plunge and start a campaign. 

I've bought my first list of 550 addresses (absentee owners out of state) in my city from Listsource. I realize the absentee owners list is considered low hanging fruit but I don't know of anyone else marketing in my area and I'm curious to see the response rate. I also wanted to start with something relatively simple.

Here are my initial questions:

1) I paid to have the equity $ and pre-foreclosure flag included in my list but the columns are completely blank in my spreadsheet. Does this mean that the information is just not available in my area or am I doing something wrong?

2) I'm planning on sending to all 550 in the next 3 weeks then repeating every 3 weeks for 6 months. Is the total number too insignificant to see any real results and should I ramp up my list number or frequency? My goal for now is to successfully close one wholesale deal but ideally I'd like to close 2 a month either as rentals or flips for myself or as wholesales to other investors.

3) I'm also a recently licensed realtor in the state of MS. I know the laws are pretty serious about full disclosure in marketing but since I'll be asking to buy the house as an investor will I be okay? I'd only plan to list the properties as a last resort if I couldn't purchase or wholesale the house in any other way. There really doesn't seem to be much of a difference between listing someone's property on the MLS for a commission and throwing it to a list of cash investors for a wholesale fee. Wholesaling in general also seems very similar to net listings which are illegal in Mississippi and I just want to make sure I have all of my bases covered before I start!

Thanks so much for reading!

Hey Bigger Pockets!

My name is Kirk Gore and I'm a relatively new investor from Hattiesburg, MS. I've been a long time forum reader and podcast enthusiast but recently decided to step it up and go Pro! 

So far I have 2 SFR rentals in an LLC with partners and a flip that's almost finished. I also just recently got my MS real estate license. My goal for 2015 is to wholesale my first deal!

Looking forward to meeting everybody!